All Forum Posts by: Alex Mangum

Thanks Bettina.  The first lease up to expire is not until July.  I will be sure to keep up with payments but hopefully those incentives will be enough for someone to take me up on it. 

Ian, I'm not sure why you assume I want something for free or would be a slum lord.  This is not my first property. I am just taking advantage of the good financing terms available.  The tenants are all solid and I would like to start out on good terms.  

I just purchased a 4 unit house "hack" that is fully occupied. According to the terms of the FHA loan I need to occupy the property within 60 days. Unfortunately, none of the current tenant's leases are ending and there is no 60 day early termination notice in their current lease.

My plan is to offer a free months rent and help with moving expenses to anyone who volunteers to move.  If nobody takes me up on my offer, what other options do I have available and what could happen if I am unable to occupy the property within 60 days?

I've renovating a duplex in Savannah Georgia that has a large open back yard full of weeds.  We cut them all at the start of the rehab and have tried to kill them but they are growing back in less than two months.  What are some good ways to finish the backyard to prevent weed growth and maintain a usable backyard with zero to very minimal maintenance.  

Got it. Are there any reias or clubs you would suggest in Savannah?

Thanks.  How can I get in contact?

I'm a recent college grad looking for buy and hold deals in the downtown Savannah area.  I am new to investing and looking to begin with a owner/occupant duplex or single family with a caraige house and would appreciate any advice.  

I would love to hear from other investors in the area about any hidden issues and costs that go into renting to local college students.